Date:Friday June 8 2007
Some of the smaller creditors to Leeds United have voiced their opinions regarding the acceptance of the 1p in the £1 offer from Ken Bates that was accepted during the CVA meeting of last week. It is believed that despite interest from other parties, the creditors were only allowed to bid for the Bates deal, which was offering considerably less return than at least one of the alternatives.
A great example of one unhappy creditor is Holmfirth based balloon supplier Ballyhoo Banners and Balloons who will now receive just £9.14 of the £914 owed to them. The company supplied party related items for club New Years parties over the past few years. Company owner Paul Garlick said : 'It's odd, that is the feeling among an awful lot of people.
'No other offer ever had a chance unless somebody was going to come along and say 'here's £35m, everyone gets paid in full.'
'If they are effectively waiving their debts and not taking control of the club because Ken Bates has control, what's in it for them? That's something that has really got to be asked.'
Jonathan Batchelor, of Ramus Seafood Ltd has seen his company receive just 22 quid from the total money owed by the club and isn`t particularly pleased with the club`s situation. Batchelor told the Yorkshire Post: 'I find the whole thing a huge mess; a tragedy, to be honest.
'What really annoys me and a lot of other people in our situation is that in a normal business environment this kind of thing can't happen. In any other line of business the way this has been gone about wouldn't have been allowed.'
Join Vital Leeds
To visit the Vital Leeds message board, click here.
This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Why not write a match report? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Leeds.
Date:Friday June 8 2007
LUFC Leeds United v Bolton Wanderers Team News (Friday August 29 2014)
Former Catania coach favourite to replace Hockaday (Friday August 29 2014)
LUFC On This Day - August 29th (Friday August 29 2014)
Cellino - I should have sacked him at the weekend (Thursday August 28 2014)
LUFC Leeds sack Hockaday (Thursday August 28 2014)
LUFC Leeds Fan View v Bradford City (Thursday August 28 2014)
LUFC Hockaday - Murphy was irresponsible (Thursday August 28 2014)
Adryan arriving in Leeds to complete loan move (Thursday August 28 2014)
LUFC On This Day - August 28th (Thursday August 28 2014)
Stats: Bradford City v Leeds United (Wednesday August 27 2014)
|21. Leeds Utd||4||1||0||3||-6||3|
|Stearman better now than in Premier League
» Wolves : 29/08/2014 09:00:00
|Adams: Let's Get Him In Now
» Norwich : 29/08/2014 08:48:00
|Kei Kamara Leaves Middlesborough
» Norwich : 29/08/2014 08:33:00
|Elphick: Not just about Grabban
» Bournemouth : 29/08/2014 08:17:00
|Does Warnock Want Hooper As Well?
» Norwich : 29/08/2014 08:05:00